Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Zell: I Have Been Contacted By FBI

Appearing on CNBC moments ago, Tribune chief executive Sam Zell -- who is indirectly referred to in the government's criminal complaint against Ill. Gov. Rod Blagojevich (D) -- said that he has been contacted by the FBI but wouldn't give details.

In the criminal complaint alleging that the governor essentially tried to sell President-elect Barack Obama's Illinois Senate seat, it is stated that Zell's Tribune company approached the governor's office to ask if the state would be interested in helping with Tribune's efforts to sell the Chicago Cubs and Wrigley Field, which it owns.

The complaint said the governor's office might be interested in helping Tribune if Trib ownership would rein in a Tribune editorial writer who'd been hammering the governor. Trib ownership is quoted as being "sensitive" to the issue, the complaint said.

On CNBC, Zell said as far as he knew, no pressure was ever applied to the writer, John McCormick.

Zell was asked if he regretted engineering Tribune's going-private deal a year ago, now that the company has filed for Chapter 11 bankruptcy protection.

"My head only functions looking forward, I'm not really good at looking behind," Zell said. "Consequently, I don't tend to reminisce or self-mutilate myself as a result of past decisions. I made the decision and when I made it I thought it was an appropriate investment at the time. Obviously, circumstances have proven the opposite, but this too shall pass."

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  December 10, 2008; 3:39 PM ET
Categories:  The Ticker  | Tags: Sam Zell, Tribune  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Rep. Manzullo Calls for Kashkari's Resignation
Next: Layoffs at NPR, Yahoo

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company